Australian (ASX) Healthtech Industry Analysis
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies21
- 7D-2.4%
- 3M7.4%
- 1Y32.7%
- YTD26.8%
Over the last 7 days, the Healthtech industry has dropped 2.4%, driven by Pro Medicus declining 2.3%. Meanwhile, PainChek actually outperformed within the industry, gaining 31% in the last week. Over the past 12 months, the industry was up 33%. Earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Australian Healthtech Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Sep 2023 | AU$9.1b | AU$527.5m | -AU$112,598,605.00 | 85.2x | -81.2x | 17.3x |
| Tue, 22 Aug 2023 | AU$9.1b | AU$523.9m | -AU$145,379,071.00 | 83.8x | -62.5x | 17.4x |
| Thu, 20 Jul 2023 | AU$8.6b | AU$499.4m | -AU$153,148,955.00 | 92.7x | -56.4x | 17.3x |
| Sat, 17 Jun 2023 | AU$8.9b | AU$495.9m | -AU$151,305,208.00 | 101.7x | -58.8x | 17.9x |
| Mon, 15 May 2023 | AU$8.0b | AU$495.0m | -AU$145,744,561.00 | 90.2x | -54.9x | 16.1x |
| Wed, 12 Apr 2023 | AU$8.2b | AU$494.9m | -AU$145,766,779.00 | 89.5x | -56.3x | 16.6x |
| Fri, 10 Mar 2023 | AU$8.0b | AU$492.5m | -AU$143,589,502.00 | 88.6x | -55.5x | 16.2x |
| Sun, 05 Feb 2023 | AU$8.9b | AU$440.1m | -AU$154,415,624.00 | 96.5x | -57.3x | 20.1x |
| Tue, 03 Jan 2023 | AU$7.3b | AU$442.7m | -AU$155,316,575.00 | 80.3x | -47.2x | 16.6x |
| Thu, 01 Dec 2022 | AU$7.8b | AU$444.1m | -AU$155,251,236.00 | 84.9x | -50.4x | 17.6x |
| Sat, 29 Oct 2022 | AU$7.2b | AU$441.0m | -AU$157,366,204.00 | 77x | -45.8x | 16.3x |
| Mon, 26 Sep 2022 | AU$6.9b | AU$436.0m | -AU$153,945,004.00 | 72.2x | -44.7x | 15.8x |
| Wed, 24 Aug 2022 | AU$7.1b | AU$401.4m | -AU$127,078,639.00 | 72.1x | -55.9x | 17.7x |
| Fri, 22 Jul 2022 | AU$6.9b | AU$385.2m | -AU$130,441,677.00 | 81.2x | -52.8x | 17.9x |
| Sun, 19 Jun 2022 | AU$5.3b | AU$386.2m | -AU$131,486,928.00 | 61.7x | -40.2x | 13.7x |
| Tue, 17 May 2022 | AU$6.0b | AU$383.0m | -AU$132,090,640.00 | 67.3x | -45.7x | 15.8x |
| Thu, 14 Apr 2022 | AU$7.0b | AU$377.7m | -AU$133,532,370.00 | 80.5x | -52.1x | 18.4x |
| Sat, 12 Mar 2022 | AU$6.3b | AU$380.6m | -AU$134,508,830.00 | 71x | -46.9x | 16.6x |
| Mon, 07 Feb 2022 | AU$7.0b | AU$302.3m | -AU$138,479,431.00 | 97.2x | -50.5x | 23.1x |
| Wed, 05 Jan 2022 | AU$9.2b | AU$300.5m | -AU$137,401,208.00 | 137.1x | -67.2x | 30.7x |
| Fri, 03 Dec 2021 | AU$8.4b | AU$301.1m | -AU$137,605,374.00 | 120.7x | -60.9x | 27.8x |
| Sun, 31 Oct 2021 | AU$8.3b | AU$295.0m | -AU$132,895,700.00 | 119.6x | -62.4x | 28.1x |
| Tue, 28 Sep 2021 | AU$8.8b | AU$299.1m | -AU$134,807,343.00 | 126.7x | -65.6x | 29.6x |
| Thu, 26 Aug 2021 | AU$9.3b | AU$293.3m | -AU$131,340,378.97 | 128.9x | -70.8x | 31.7x |
| Fri, 02 Jul 2021 | AU$8.7b | AU$293.3m | -AU$131,340,378.97 | 115.8x | -66.3x | 29.7x |
| Mon, 05 Apr 2021 | AU$6.9b | AU$263.5m | -AU$137,977,124.75 | 99.3x | -50.2x | 26.3x |
| Thu, 07 Jan 2021 | AU$6.1b | AU$239.5m | -AU$143,813,266.05 | 146.5x | -42.8x | 25.7x |
| Wed, 30 Sep 2020 | AU$4.6b | AU$208.3m | -AU$94,800,339.82 | 118.4x | -48.5x | 22.1x |
Price to Earnings Ratio
-48.5x
Current Industry PE
- Investors are pessimistic on the Australian Health Care Technology industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The 3-year average PS ratio of 22.0x is higher than the industry's current PS ratio of 17.3x.
Past Earnings Growth
- The earnings for companies in the Health Care Technology industry have deteriorated over the last three years.
- Meanwhile revenues for these companies have grown 36% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has caused losses to expand.
Industry Comparison
How does Australian Healthtech compare with similar industries?
| AU Market | -2.73% | |
| Healthcare | -4.31% | |
| Healthtech | -2.41% | |
| Healthtech | -2.41% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PCK PainChek | AU$0.042 | 31.3% +AU$17.4m | 35.5% | PS30.1x | |
| ONE Oneview Healthcare | AU$0.23 | 11.9% +AU$16.6m | 135.0% | PS10.1x | |
| JTL Jayex Technology | AU$0.009 | 12.5% +AU$281.3k | 12.5% | PS0.6x | |
| ICR Intelicare Holdings | AU$0.014 | 7.7% +AU$210.6k | -68.2% | PS7.2x | |
| SHG Singular Health Group | AU$0.039 | 2.6% +AU$141.3k | -67.5% | PS5.2x |